Category:
ADB approves USD3Mn grant to assist Sri Lanka’s response to COVID-19
Jun 12, 2020 (LBO) – The Asian Development Bank (ADB) has approved a $3 million grant from its Asia Pacific Disaster Response Fund (APDRF) to further assist Sri Lanka in its response to the novel coronavirus disease (COVID-19) pandemic. The grant, which is financed by the Government of Japan and was approved on 2 June, will fund […]
Housing for middle and low income families a priority: President
Jun 12, 2020 (LBO) – President Gotabaya Rajapaksa instructed the officials of the State Development and Construction Corporation to pay attention to the construction of housing schemes for middle and low income families. President gave this directive at a meeting to review the progress of the State Development and Construction Corporation held at the Presidential […]
PUCSL to fine-tune externality, social and environmental cost of thermal power generation
Jun 12, 2020 (LBO) – The Public Utilities Commission of Sri Lanka (PUCSL), the electricity sector regulator, is all set to fine-tune the externality cost – social and environmental cost, that Sri Lanka incurred due to power generation from thermal power plants which discovered through, the study named “Estimation of External Cost of Thermal Power […]
Foreign Ministry helps local exporters overcome adverse impact of COVID 19
Jun 12, 2020 (LBO) – Comprehensive measures taken by the Ministry of Foreign Relations, in close coordination with the key Government Economic Agencies and the private sector to address and mitigate the impact of COVID 19 particularly on Sri Lankan exports, has helped in sustaining and regaining lost markets for traditional Sri Lankan exports, while […]
ComBank launches special loan scheme for COVID-19 affected micro businesses
The Commercial Bank of Ceylon has announced the launch of another Bank-funded loan scheme, this time to assist micro enterprises affected by the COVID-19 pandemic, in a continuing demonstration of the Bank’s commitment in supporting Sri Lanka’s post-pandemic economic recovery. The second Bank-funded loan scheme launched by the country’s benchmark private sector bank in the […]
Technical assistance grant of Euro 11 mn from Germany
Jun 10, 2020 (LBO) – An agreement was signed by the Government of Sri Lanka with the Government of Germany today to obtain a technical assistance grant of Euro 11 million to implement three projects. Vocational Training in Sri Lanka – Euro 7 million: This Project aims at providing demand-oriented cooperative vocational training for young […]
PR Wire expands into insights and intelligence services
Expanding its Strategic Public Relations offering, PR Wire, a leading Public Relations Consultancy, launched PR Wire Intel™, delivering powerful business insights leading to intelligence and decision making. Most businesses having identified the importance of solutions which help in decision making and are gradually turning towards services that would assist in realizing and understanding its market, […]
President wants quick solutions to fertilizer related issues
Jun 10, 2020 (LBO) – President Gotabaya Rajapaksa instructed officials to find immediate solutions to issues faced by farmers relating to the supply, distribution and use of fertilizer. The issue of fertilizer is a common occurrence in many districts when cultivation starts. Short, medium and long term solutions should be found to address the issue, […]
Nations Trust Bank offers easy access to your statements
Jun 10, 2020 (LBO) – Nations Trust Bank achieved another “first” in the industry by introducing “Nations Online Statement Platform”. Customers of Nations Trust Bank can now log in from anywhere at their convenience, using their registered mobile number and access their bank statements and transaction histories. Nations Direct, the suite of digital banking services […]
Verite Research launches the first phase of a new public finance platform
Jun 09, 2020 (LBO) – Verité Research launched the first phase of publicfinance.lk, an online platform that will eventually be a one-stop-shop for all public finance related information in Sri Lanka. The beta version features initial insights and analyses on four key areas of public finance: debt, expenditure, financing and revenue. PublicFinance.lk aims to enhance […]
I step down from Parliamentary Election: Mangala Samaraweera
Jun 09, 2020 (LBO) – Mangala Samaraweera says that from today he steps down from the politics of being a member of parliament and requests the people of Matara to refrain from casting their preferential votes for him at the upcoming 2020 parliamentary election although his name appears in the electoral list as a candidate […]
PickMe Flash, a new tool in distance working
‘PickMe Flash’ has gained tremendous popularity under pandemic lockdown conditions in the country. With more businesses now opting for distance working, they look to PickMe Flash as a safe, fast, and smart way to maintain physical connectivity. Zulfer Jiffry, CEO of PickMe says as curfew conditions ease and work resumes in the capital, people need […]